Property developer China Overseas Land & Investment (Coli) has shrugged aside tightening government curbs on financing to acquire a residential and commercial plot in Zhuhai for the record sum of 10.5 … ( read original…
Tagged By banking
A Financial Alliance Won’t Help China and Russia Dethrone the US Dollar
China and Russia have sought to drastically reduce their reliance on the U.S. dollar to mitigate the impact of any U.S. coercive economic action against them. The two countries want to create a new ……
Finance Leaders Share Their Resolutions for 2021
Mastercard’s Ann Cairns, BlackRock’s Philipp Hildebrand, and the BIS’s Benoît Cœuré share their rituals, achievements, and goals. ( read original story …)
China Stocks Retreat the Most in 3 Weeks on Liquidity Jitters
China stocks fell by the most this month on concern that liquidity conditions in the financial system are not strong enough to support recent gains. ( read original story …)
Regulatory Pressure Mounts on Coal Miner that Rattled China’s Bond Market
An investigation into the troubled Chinese state-owned Yongcheng Coal & Electricity Holding Group was escalated to the country’s securities regulator … ( read original story …)
As it happened: Hong Kong leader Carrie Lam’s policy address hails Beijing’s staunch support, doubles down on national security and vows to ‘relaunch city, rebuild trust’
After a postponement of more than a month, Hong Kong’s chief executive delivered her longest policy address on Wednesday morning to set out plans for the coming year before a Legislative Council now … (…
China’s yuan firms as dollar dips on stimulus, vaccine hopes
China’s yuan strengthened on Wednesday after the central bank set a stronger mid-point for the currency’s daily trading band, and as rising risk appetite and expectations for U.S. fiscal stimulus … ( read original story…
China to boost financial cooperation with Singapore: officials
China will strengthen cooperation with Singapore to promote greater financial connectivity, according to officials. Chen Yulu, vice-governor of the People’s Bank of China (PBOC), made the remarks at … ( read original story …)
Hong Kong Leader Vows Closer Ties With Beijing in Key Speech
(Bloomberg) — Hong Kong Chief Executive Carrie Lam vowed to continue strengthening ties with China, using an annual policy address to defend Beijing’s tightening grip over the financial hub and … ( read original story…
Carrie Lam policy address 2020: Hong Kong leader hails Beijing’s staunch support, doubles down on national security and vows to ‘relaunch city, rebuild trust’
After a postponement of more than a month, Hong Kong’s chief executive delivered her longest policy address on Wednesday morning to set out plans for the coming year before a Legislative Council now … (…
China stocks post biggest intraday fall in nearly a month as EV stocks drag
China shares closed lower on Wednesday, posting the biggest intraday loss in nearly a month, as electric vehicle stocks fell on news of a government investigation into the sector. EV shares fall on … (…
Hong Kong Leader Vows Closer Ties With Beijing in Policy Address
(Bloomberg) — Hong Kong Chief Executive Carrie Lam vowed to continue strengthening ties with China, using an annual policy address to defend Beijing’s tightening grip over the financial hub and … ( read original story…
China’s Finance World Opens Up to Foreigners, Sort Of
China’s more than $50 trillion financial services industry. Even a sliver can be lucrative. Not long ago Bloomberg Intelligence estimated that foreign banks and securities firms could be raking in … ( read original story…
